Macquarie Group Ltd. cut its stake in American States Water (NYSE:AWR – Get Rating) by 14.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 19,303 shares of the utilities provider's stock after selling 3,298 shares during the quarter. Macquarie Group Ltd. owned approximately 0.05% of American States Water worth $1,504,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also modified their holdings of AWR. Group One Trading L.P. acquired a new position in American States Water during the third quarter worth $31,000. SeaCrest Wealth Management LLC acquired a new position in American States Water during the second quarter worth $33,000. Jones Financial Companies Lllp acquired a new position in American States Water during the third quarter worth $39,000. Wipfli Financial Advisors LLC acquired a new position in American States Water during the third quarter worth $39,000. Finally, Point72 Hong Kong Ltd acquired a new position in American States Water during the third quarter worth $74,000. 74.09% of the stock is owned by institutional investors and hedge funds.
Get American States Water alerts:American States Water Price Performance
AWR opened at $84.74 on Friday. The company has a fifty day moving average price of $92.97 and a two-hundred day moving average price of $90.44. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.34 and a current ratio of 0.38. American States Water has a 52 week low of $71.22 and a 52 week high of $100.50. The firm has a market capitalization of $3.13 billion, a PE ratio of 40.16 and a beta of 0.42.
American States Water Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 1st. Shareholders of record on Tuesday, February 21st were issued a dividend of $0.3975 per share. This represents a $1.59 dividend on an annualized basis and a yield of 1.88%. The ex-dividend date was Friday, February 17th. American States Water's dividend payout ratio is presently 75.36%.
Analyst Ratings Changes
Several equities analysts have commented on AWR shares. UBS Group started coverage on shares of American States Water in a research report on Wednesday, November 30th. They set a "sell" rating and a $92.00 target price on the stock. Wells Fargo & Company increased their target price on shares of American States Water from $90.00 to $96.00 in a research note on Wednesday, December 14th. Finally, Seaport Res Ptn lowered shares of American States Water from a "buy" rating to a "neutral" rating in a report on Thursday, January 5th. Three equities research analysts have rated the stock with a sell rating and two have given a hold rating to the company. Based on data from MarketBeat.com, American States Water presently has a consensus rating of "Reduce" and a consensus target price of $89.33.
American States Water Company Profile
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